'It's a dodo, nothing happening' : Hemen Kapadia
Hemen Kapadia, CEO, www.chartpundit.com, assesses the market mood a day ahead of the budget to ET Now.
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| Hemen Kapadia, CEO, www.chartpundit.com
The market is very lifeless, if one could call it that. It is a day ahead of the budget, is expiry session, we have had the economic survey just tabled as well, but nothing seems to move it. What do you think?
Absolutely, 13 trading sessions it's low and absolutely lifeless, dull. It's a dodo, nothing happening. We are in a narrow range hour between around 4800 on the downside and 4950 on the upside, so something always tends to happen after the budget and if you look back in history, out of the last 20 years in probably 15 years the markets have gone down and they have not exactly gone, they have collapsed after the budget. So let's see if that happens now. On the upside if it closes above 4950, then you would see a small positive upside maybe till 5050.
The market is very lifeless, if one could call it that. It is a day ahead of the budget, is expiry session, we have had the economic survey just tabled as well, but nothing seems to move it. What do you think?
Absolutely, 13 trading sessions it's low and absolutely lifeless, dull. It's a dodo, nothing happening. We are in a narrow range hour between around 4800 on the downside and 4950 on the upside, so something always tends to happen after the budget and if you look back in history, out of the last 20 years in probably 15 years the markets have gone down and they have not exactly gone, they have collapsed after the budget. So let's see if that happens now. On the upside if it closes above 4950, then you would see a small positive upside maybe till 5050.
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